16 that "[Although no federal right of setoff
is created by the Bankruptcy Code, 11 U.
219) However, a setoff
is not permitted under any circumstances if the creditor obtained the debt owed by the debtor after the opening of the bankruptcy case.
The metaphysics of setoff
have never been well understood.
Similar to most long term disability plans," (11) Standard's policy included a setoff
provision that classified Social Security benefits as "deductible income.
They held their last training session at Roseberry Topping yesterday and will setoff
for Kilimanjaro tomorrow.
Since the first edition of the race setoff
from the UK in 1996 more than 3,000 people have now taken up that challenge and for all of them it has proved a life enhancing and, in many cases, life-changing experience.
It is true that the spontaneous setoff
needs rationalization and someone to come up with the programs for the transfer of power and for managing the change and preventing it from slipping into an excessive violence and to a sectarian confrontation.
Typically, the new tenant will seek a setoff
right that provides, in essence, that if the new landlord defaults under the sublease or, in the case of an assignment, the existing lease, then tenant has the right to cure such default (for instance, by making a defaulted payment) and deduct the amounts expended from the rent due under its new lease.
6501(h) or (j) applies, the IRS, by exercising its setoff
authority under Lewis v.
The entity has an unconditional and legally enforceable right of setoff
The trustee liquidating the remnants of Lehman's brokerage told Citigroup that he may try to recover $1 billion the bank took as a setoff
against the brokerage's obligations, Citigroup said in its annual report.
3) Although verdicts may be setoff
under the act, the common law collateral source rule still persists and bars the admission of the existence of collateral sources of indemnity at trial.
US bankruptcy judge James Peck said, 'BOA's seizure of the deposited funds was an unauthorized and impermissible setoff
in violation of the automatic stay in LBHI's bankruptcy case.
Spectra Max HV Color coldset web offset inks are the latest addition to US Ink's Spectra line of inks which allow newspapers to use less ink while increasing print quality further with better print contrast, traps, less rub, and reduced page-to-page setoff
Fraud investigations arise following the detection of a series of transactions where a taxable individual incurs higher input tax than those setoff
by output tax, which leads to a reclaim of the difference from HMRC.